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February 16, 2021
The Government will continue to support workers and businesses, especially those in hard-hit sectors, said DPM Heng Swee Keat.
The Straits Times
SINGAPORE - This year s Budget will be unveiled on Tuesday (Feb 16) as Singapore continues to tackle the Covid-19 pandemic and its economic fallout.
Deputy Prime Minister and Finance Minister Heng Swee Keat has said that helping workers and firms adapt, innovate and grow will be a key priority for Budget 2021 - his sixth Budget speech.
The Government will also continue to support workers and businesses, especially those in hard-hit sectors, he said.
Last year, the Government set aside a war chest of almost $100 billion - or nearly 20 per cent of gross domestic product (GDP) - to cope with the pandemic, with most of the funds used to support businesses and help workers keep their jobs.
BW Businessworld
Stung By COVID-19, Indian Businesses Rethink Worker Benefits
More than 90% of India s 450-million strong workforce are informal, recruited through tiers of labour contractors with low wages and no social security benefits such as health insurance or pensions.
Photo Credit :
As Kerala s industrial heartland cranks back to life post-lockdown, orders are returning to its printing presses, workshops and chemical plants. But to bosses dismay, many workers are in no hurry to come back from their villages. There is a strong reluctance among the workers to return, said Rajesh Gopalakrishnan, head of an industry association representing 200 small businesses in the southern state.
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